Lyda Lubienė, chairwoman of the board of directors of the concern Achema Group, is selling a controlling stake in the company to the Hungarian energy company MET Group“, portal delfi.lt reported on Friday, citing its own sources.

According to the portal, the potential buyer is not interested in the fertiliser business, but in the group's company „Klaipėdos jūrų krovinių kompanija“ (KLASCO). It is also said that the shares are being bought at a lower price than the true value of such a transaction would be.

L. Gintaras Balčiūnas, deputy to Lubienė, told Delfi he would not comment on this information. Adomas Žadeika, a minority shareholder in Achema Group, also told the portal that he could not comment on the news, but did not deny the information.

According to the announcement, „MET Group“ is an integrated European energy company, headquartered in Hungary, with operations in the natural gas and power sectors.

The controlling stake of „Achema Group“ (about 52%) is held by Lyda Lubienė, wife of the signatory of the Act of Independence Bronislovas Lubys, and her daughter Viktorija Lubytė. The other shares are shared by 13 minority shareholders.